Fiserv, Inc. $FI Shares Acquired by Patriot Financial Group Insurance Agency LLC

Patriot Financial Group Insurance Agency LLC increased its holdings in shares of Fiserv, Inc. (NYSE:FI) by 14.1% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 7,616 shares of the business services provider’s stock after purchasing an additional 942 shares during the period. Patriot Financial Group Insurance Agency LLC’s holdings in Fiserv were worth $1,313,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors have also recently made changes to their positions in the company. Activest Wealth Management raised its holdings in shares of Fiserv by 3,150.0% during the first quarter. Activest Wealth Management now owns 130 shares of the business services provider’s stock worth $29,000 after purchasing an additional 126 shares during the last quarter. Abound Financial LLC purchased a new position in Fiserv in the first quarter valued at $38,000. Christopher J. Hasenberg Inc increased its holdings in Fiserv by 218.5% in the second quarter. Christopher J. Hasenberg Inc now owns 207 shares of the business services provider’s stock valued at $36,000 after buying an additional 142 shares in the last quarter. Armstrong Advisory Group Inc. increased its holdings in Fiserv by 178.9% in the second quarter. Armstrong Advisory Group Inc. now owns 212 shares of the business services provider’s stock valued at $37,000 after buying an additional 136 shares in the last quarter. Finally, Saudi Central Bank purchased a new position in Fiserv in the first quarter valued at $49,000. Hedge funds and other institutional investors own 90.98% of the company’s stock.

Analyst Ratings Changes

A number of research analysts have weighed in on FI shares. UBS Group cut their price objective on shares of Fiserv from $225.00 to $170.00 and set a “buy” rating for the company in a report on Friday, July 25th. Jefferies Financial Group cut their price objective on shares of Fiserv from $140.00 to $130.00 and set a “hold” rating for the company in a report on Monday, September 29th. KeyCorp cut their price objective on shares of Fiserv from $250.00 to $200.00 and set an “overweight” rating for the company in a report on Thursday, July 24th. Stephens cut their price objective on shares of Fiserv from $240.00 to $180.00 and set an “overweight” rating for the company in a report on Thursday, July 24th. Finally, Barclays set a $175.00 target price on shares of Fiserv and gave the company an “overweight” rating in a research report on Monday, July 28th. One investment analyst has rated the stock with a Strong Buy rating, twenty-one have issued a Buy rating, three have given a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat, Fiserv has a consensus rating of “Moderate Buy” and a consensus price target of $205.96.

Fiserv Stock Up 1.4%

Shares of NYSE FI opened at $127.56 on Friday. The company’s 50-day simple moving average is $134.59 and its 200-day simple moving average is $165.68. Fiserv, Inc. has a 52-week low of $124.89 and a 52-week high of $238.59. The firm has a market cap of $69.34 billion, a price-to-earnings ratio of 21.30, a price-to-earnings-growth ratio of 0.82 and a beta of 0.95. The company has a quick ratio of 1.09, a current ratio of 1.09 and a debt-to-equity ratio of 1.09.

Fiserv (NYSE:FI) last posted its quarterly earnings results on Wednesday, July 23rd. The business services provider reported $2.47 earnings per share for the quarter, topping analysts’ consensus estimates of $2.43 by $0.04. The firm had revenue of $5.20 billion for the quarter, compared to analyst estimates of $5.20 billion. Fiserv had a net margin of 16.00% and a return on equity of 19.69%. Fiserv’s quarterly revenue was up 8.0% on a year-over-year basis. During the same period in the previous year, the business posted $2.13 earnings per share. Fiserv has set its FY 2025 guidance at 10.150-10.30 EPS. Equities analysts predict that Fiserv, Inc. will post 10.23 EPS for the current fiscal year.

Fiserv Company Profile

Fiserv, Inc, together with its subsidiaries, provides payments and financial services technology services in the United States, Europe, the Middle East and Africa, Latin America, the Asia-Pacific, and internationally. It operates through Merchant Acceptance, Financial Technology, and Payments and Network segments.